Occupied Fourplex Hitting the 1% Rule Next to Fort Hood

4503 Chase Circle, Killeen
ROI
19.73% IRR
Strategy
Long Term Rental
Occupied fourplex hitting the 1% rule next to Fort Hood. All 2 bed units, currently leased for $3220/mo with positive cash flow and gross rent potential of $3600/mo at market rates. Asking price $330k with multiple offers, expect to offer $340-350k to be competitive. All 2 beds, 1bath. Currently leased for $700-900/mo producing $75-100 in cash flow, with market rents supporting $900/mo for over $400/mo in cash flow.

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Occupied Fourplex Hitting the 1% Rule Next to Fort Hood

Listed 03/27/2023

4503 Chase Circle, Killeen

Purchase Price:$340,000

Cash Outlay:$101,800

Cashflow:$4049/mo

Cap Rate:7.08%

IRR:19.73%

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